Small Business Financing Act; preferred lenders. (HB1459)

Introduced By

Del. Brian Moran (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Small Business Financing Act; preferred lenders. Authorizes the Virginia Small Business Financing Authority to delegate to certain banks decisioning and processing functions and responsibilities with respect to certain Authority-guaranteed loans. The Authority will allocate to the preferred lenders credit authority for the lesser of an Authority-determined amount or the funds available for loan guarantees. Read the Bill »


Bill Has Passed


01/15/2008Presented and ordered printed 086174812
01/15/2008Referred to Committee on General Laws
01/17/2008Assigned GL sub: FOIA
01/24/2008Impact statement from DPB (HB1459)
01/29/2008Reported from General Laws (22-Y 0-N) (see vote tally)
01/30/2008Read first time
01/31/2008Read second time
01/31/2008Passed by for the day
02/01/2008Passed by for the day
02/04/2008Read second time and engrossed
02/05/2008Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/05/2008VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/05/2008Communicated to Senate
02/06/2008Constitutional reading dispensed
02/06/2008Referred to Committee on Commerce and Labor
03/03/2008Reported from Commerce and Labor (14-Y 0-N)
03/04/2008Constitutional reading dispensed (40-Y 0-N)
03/04/2008Read third time
03/04/2008Passed Senate (40-Y 0-N)
03/06/2008Bill text as passed House and Senate (HB1459ER)
03/06/2008Signed by Speaker
03/09/2008Signed by President
03/10/2008Impact statement from DPB (HB1459ER)
03/27/2008G Approved by Governor-Chapter 744 (effective 7/1/08)